Why the Bank of Canada is a completely clueless just like the government

The Bank of Canada is completely clueless and is ignoring the yield curve despite its predictability. They hiked interest rates to 4.25% an increase of 50bps. The Trudeau government is just as clueless about what is happening in the economy. The debt choke on the economy is increasing and soon the economy will be dead. Canada has an insane amount of private and household debt. The housing market is such a large percentage of the economy and is completely screwed. People are defaulting but the banks are doing financial engineering and loan restructuring to put off the inevitable.

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